Point72 Asia Singapore Pte. Ltd. Sells 1,822 Shares of Abercrombie & Fitch Co. (NYSE:ANF)

Point72 Asia Singapore Pte. Ltd. lowered its holdings in shares of Abercrombie & Fitch Co. (NYSE:ANF) by 61.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,143 shares of the apparel retailer’s stock after selling 1,822 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Abercrombie & Fitch were worth $203,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Marshall Wace LLP increased its stake in shares of Abercrombie & Fitch by 16.0% in the 2nd quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after acquiring an additional 120,509 shares in the last quarter. Renaissance Technologies LLC increased its stake in Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after purchasing an additional 512,700 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Abercrombie & Fitch by 18.1% during the second quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after purchasing an additional 76,900 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Abercrombie & Fitch by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock worth $81,915,000 after purchasing an additional 20,616 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock valued at $56,969,000 after buying an additional 141,788 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ANF. Morgan Stanley dropped their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. UBS Group lowered their price objective on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Jefferies Financial Group lifted their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and a consensus target price of $176.57.

Insider Buying and Selling

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at approximately $15,627,594. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,541 shares of company stock valued at $4,310,256. 3.77% of the stock is owned by insiders.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $137.81 on Friday. Abercrombie & Fitch Co. has a 52 week low of $53.15 and a 52 week high of $196.99. The firm has a 50-day moving average price of $147.02 and a two-hundred day moving average price of $146.86. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 17.14 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.36. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.26 earnings per share for the current year.

Abercrombie & Fitch Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.